Mindset is your biggest enemy in this bull run. The crypto world is a battlefield. If you can endure, you will stand out; if you can't, you will exit.


Crypto World News reports:
The best operational strategy for altcoins in the crypto world at this stage! Regarding the current situation of BTC and ETH, most retail investors or veterans actually know that the market has not stopped falling, and the current trend is still in a downward channel, making altcoins even harder to discuss!!!! The liquidity of altcoins is also poor, with many tokens being unlocked and pressure to sell. So what should we do now? Brother Chong offers the following suggestions!
1. If you are a short-term trader and have U in hand!
The first type of operation you can do is to trade with a light position on the second layer, choosing large public chains or some phenomenal meme coins like DOGE and SHIB, or other quality coins that you recognize! Take profit and run, or keep your USDT in hand! Only do short-term trades! The second type of operation you can do is to continue to observe, waiting for Ethereum and BTC to stabilize. When Bitcoin stands firmly above 65,000 and altcoins show some increase, you can make a trend-following trade, seeking stability (although the current prices of altcoins are low, the market hasn’t stabilized yet, so there is still a certain risk!). 2. If you are a long-term player and have a full position that is stuck, or if you are a long-term player who has entered with a half position and still has some funds left!!! Let's talk about the first situation: if you have already fully allocated your positions and are stuck, just return to life, and don’t overthink the short-term ups and downs, enjoy life. Never let your unrealized losses increase too much, selling your spot to trade contracts; once you open the gates of contract hell, your crypto career will basically be nearing its end!!!! Just patiently wait, Brother Chong is with you!
Now let's talk about the second type: if you are a long-term player and you have USDT, you can send your holdings, the coins you hold, to Xiaowan for a look. Here, we can reasonably plan your positions and make adjustments to your future trading strategies! Overall, the mentality of long-term players is definitely quite strong; the crypto world is a hellish battlefield. Those who can endure will stand out, while those who can't will exit!
Recently, I have received a lot of private messages, all wondering when the altcoin season will come as the market improves, and whether there will be a big bull run afterwards!
Actually, Xiaowan can understand your dilemma! Many people are now holding a lot of counterfeit coins, and most of them are stuck in losses, or let's say, most people are in a state of losing badly!!
Every time there is a drop or when ETH fluctuates a bit, retail investors start looking for negative news to explain the decline! Will it drop again? In fact, the market trend is already apparent, what’s the use? It has already dropped, what’s the use? We should face it bravely; if we are stuck in a loss, we should find a way to make it back instead of getting entangled in it!
Right now, all the coins are dropping, with only a few solid altcoins. When ETH and BTC are about to wash out, no one can escape!!! There's no need to get caught up in switching positions; retail investors can't find good targets, and all they do is cut losses on one losing coin and switch to another dropping coin, that's all!
In the crypto world, our spot trading is not just a day or two, nor a month or two; it emphasizes a long cycle. If you believe there is still a bull run, then all the coins right now are opportunities!!! If you think the bear market has come, then just short!! No need to get tangled up!!! Xiaowan often says to be optimistic about the future market, which refers to the future of the crypto world. This is also why it has always been said not to trade contracts, just play with spot trading, as the fear is that you might get trapped by a scam coin and be anxious to break even!! If you go cut losses and trade contracts, you will only end up with a liquidation!! You must recognize the reality!! Hedging will only speed up your exit from the market and will not help you recover your losses!!! And remember, be optimistic about the future market; the bull run has not gone.
ETH0,48%
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